EXISTING access rights will be protected in the event the Yarrawonga Aerodrome is sold.
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Moira Shire has formally commenced an expressions of interest for the private leasing or ownership of the facility which council agreed to in March this year.
"The EOI includes only the council owned areas which comprise a terminal building and toilets, runway, taxiway, plane parking area and other fixed infrastructure above and below ground," Moira Shire corporate general manager Simon Rennie said.
"A key consideration for applicants will be demonstrating how they will maintain the access and rights defined in existing agreements with users and hangar owners and ensure continued access to the aerodrome for general aviation and emergency services.
"The privately owned areas and hangars are not included and existing rights and agreements will transfer to the successful applicant."
EOIs are open for three months and close with council on October 25.